100-08 Northern Blvd, Queens, NY 11368
This exceptional mixed-use property at 100-08 Northern Boulevard in Corona, Queens, New York, presents a compelling investment opportunity, priced at $1,950,000. The 2,300 square foot building, constructed in 1926, is a two-story structure situated on a 2,300 square foot lot. Currently operating at 100% occupancy, the property features a thriving restaurant on the ground floor and two residential units on the second floor. Each apartment offers two bedrooms, one bathroom, a living room, and a kitchen. The property benefits from a triple net (NNN) lease structure and is zoned R6A C2-4, allowing for a variety of potential uses. Its strategic location in Queens offers easy access to public transportation, including the 7 train and Q66 and Q23 bus routes, as well as proximity to LaGuardia Airport and the Grand Central Parkway. The surrounding area boasts a vibrant mix of amenities, including schools, restaurants, supermarkets, and more, contributing to a Walk Score of 85. This property represents a rare chance to acquire a well-established, income-generating asset in a highly desirable and convenient location. The building's strong tenancy and versatile zoning make it an ideal investment for both seasoned and aspiring real estate investors. The combination of commercial and residential income streams offers significant potential for long-term growth and profitability.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.